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Balancing Risks and Opportunities

The leaders of a well-managed company recognize the risks that may confront it, possess a clear understanding of how those risks may be mitigated or eliminated altogether, and constantly monitor the changing state of its business affairs to ensure reliable delivery of its goods and services. Beyond this TransCanada strives to protect the interests of all stakeholders – investors, employees, community and more. We see risk identification and management as the responsibility of all employees – something ingrained in our culture. TransCanada focuses on a number of areas to balance risk and opportunity from the boardroom to the field.

Financial/Regulatory Risk

TransCanada supplies essential energy to a vast North American market where demand is rising. When we seek new business opportunities, we do so in industrial sectors and geographical areas that complement our existing operations amid communities where we are already known and welcome. TransCanada has a sound financial position with an ability to generate cash in the short and long term. This provides liquidity, allows the company to maintain financial capacity and flexibility, as well as provide for planned growth.

Pipeline/asset integrity

TransCanada takes the threat of possible damage to any of our assets very seriously. In particular, potential pipeline ruptures are mitigated through use of leading edge design and fabrication, constant monitoring, and rapid emergency response.

Health, safety and environmental risks

Our Integrated HS&E (Health, Safety and Environment) management system is modeled on the International Organization of Standardization (ISO) standard for environmental management systems, ISO 14001. It focuses on areas of significant risk to the organization’s HS&E business activities and is externally reviewed every three years to ensure its effectiveness.

Employee retention

To reduce the loss of valuable employees, TransCanada has implemented a comprehensive, competitive Total Rewards program for all staff. We also offer training and career development opportunities that enhance the leadership skills of our personnel. We continue the long-range talent resource planning process that began in 2006.

Business continuity

All critical business areas have developed industry-standard business resumption plans and disaster recovery plans to deal with catastrophic interruptions, including those caused by pandemics.